Replies to post #2408 on UnionTown Energy Inc.(fka UTOG)

[dirtdog]

They raised 3 million at $2.50 cents a share.They can't get the heavy crude to flow,their plan was a failure.Drilling 5 wells,steam injection they now have went back to the drawing board.They have commitments of over a million for lease acquisations ect.I don't believe the balance sheet will show any funds left.New Miami is a tough one also,no gusher,lots of costs.Having trouble even getting flow results that were promised many months ago.What BS can they spin to get Europe to buy in?They are mostly piggybacking on other lease holders,everything is up in the air if they don't get millions.They have a quarter billion shares out here,what do you think will happen to your shares?Where in europe can they dump millions of shares to raise money when they haven't proved,relaeased or even shared info with current share holders.Quess we know who will be left holding the bag.Then the lawsuits will come.Maybe a 100 to 1 reverse split will help.

[bigt0689]

hate it or like it

PENNYS ARE MEANT TO BE TRADED NOT HELD PENNY STOCKS ARE NOT THE NEXT $75 STOCK THAT WILL MAKE U DIRTY FILTHY RICH. Well of course unless u just but a lot and sell a lot . emll is another people swear is legit and its not. utog did appear to be legit its starting to seem like a fail but you never know.